11. Is BCTEX cheaper than Binance?..

🔧 Instruments: Cryptocurrencies, currencies2. Few features available for trading.

The BCTEX cryptocurrency exchange is among the leading players. It is well known in Europe and popular among traders in other regions due to its large number of assets, significant trading volume, and simplified functionality compared to its competitors. US residents cannot trade on this exchange. Bitcoin (₿), Litecoin (Ł), Ripple, Cardano, Tron, dozens of other cryptocurrencies and tokens are the main traded assets. The pool of assets is constantly expanding due to the open listing. Trading is carried out in cryptocurrency-fiat and USDT/all other cryptocurrency asset pairs and this shall be considered an important feature of the exchange. Only Turkish lira is available as a fiat. Market average commissions can be reduced by increasing the trading volume. There is no minimum deposit and withdrawal fees are low.The trading engine at BCTEX is basically browser-based. Everything is done from the website. In order to use this engine, traders can simply navigate to the URL of the Markets page, where all traded assets are listed, usually in pairs..

Standard trading fees at Bitrue are competitive. If you hold BCTEX Coin and use it to pay for fees, you get a 30% discount on trading costs. Overall, these fees are a bit lower than the starting fees..Despite these advantages, BCTEX may not suit a more advanced trader. The platform offers comparatively fewer coins to trade, has limited advanced features, and no crypto credit card is available..

BCTEX Global partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of BCTEX Global ’s crypto assets. In addition, those assets are backed by Lockton, a private insurance brokerage.BCTEX exchange came up with a slight decentralization approach by introducing a decentralized wallet within the exchange app – where users can store their crypto assets without the interference of a third party – users can create the decentralized wallet within the app and have the private key without anybody control over it..

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